SECO BELGIUM

Active

Public limited companyfounded 2017active for 9 yearsKoloniënstraat 56, 1000 Brussel, Belgium97 active companies are registered at this addressKBO/BCE: BE 0680.633.657

Summary

SECO BELGIUM has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.7m and a net result of €2.4m. Equity remains stable across the filed financial years (±0.7% per year). Its solvency ranks better than 22% of 838 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisFollow Report Compare

SECO BELGIUMActiveChecked score 69/100

Risk analysis Report Compare

Activity

Public relations and communication consultancy

NACE 73300Other technical testing and analysis NACE 71209

3rd largest employer in the Brussels-Capital Region, Advertising and market research sector1 site

Size

€38.2mturnover 2025

Staff: 203.3 FTE
Equity: €2.7m
Profit: €2.4m

Financial health

69 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.7%

Structure

Parent: SECO GROUP · 100%
Board: 8 members

BH GroupChair · permanent representative Bernard Heiderscheidt
Frederik FONCKEManaging director

Auditor: Daniel (Danny) WUYTS2025 accounts 46 days early

Why 69raises risk2 changes of registered office in 24 monthsEquity €2.7m (14.0% of total assets)lowers riskSize: turnover €38.2m, 203.3 FTE, total assets €19.4mSector: Advertising, market research and public relations activities (NACE 73)Show the evidence

Checked score

Score 2025

69 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 43% of its sector peers (NACE 73, medium-sized)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 39=

equity 14.0% of total assets

Liquidity 33-9

short-term debt 81.9% · cash 22.3%

Profitability 77-5

return on assets 12.1%

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (117 companies, NACE 73, medium-sized)

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025lowest value 08-2025: 0.1%● unchanged vs 07-2025lowest value 09-2025: 0.2%▲ +0.1 percentage points vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.6%▲ +0.4 percentage points vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.7%▲ +0.1 percentage points vs 06-2026highest value 08-2026: 0.7%● unchanged vs 07-2026highest value 09-2026: 0.7%● unchanged vs 08-2026highest value 10-2026: 0.7%● unchanged vs 09-2026highest value

Credit of up to €180,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.2, compared with 1.18 in 2024, below the usual 1.5; short-term debt: 81.9% and cash: 22.3% of total assets), and 86% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, medium-sized): better than 16% on solvency, 30% on liquidity, 79% on profitability and 46% on growth.

The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

2 changes of registered office in 24 months

Belgian Official Gazette

Size: turnover €38.2m, 203.3 FTE, total assets €19.4m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Sector: Advertising, market research and public relations activities (NACE 73)

KBO

Equity €2.7m (14.0% of total assets)

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 838 sector peers (2025).

NBB · sector comparison

Position among 838 sector peers

Solvency

better than 22%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.

NBB · 9 filings

Deviation from the deadline

2025

46 days early

2024

37 days early

2023

44 days early

2022

26 days early

2021

26 days early

2020

3 days early

2019

31 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 30 days before the deadline; the sector median (NACE 73) for financial year 2024 is 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 June (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

24-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

21-10-2026 Appointments: B.H. GROUP, FFLOW CommV and…Permanent representatives: Frederik FONCKE and…
21-10-2026 Permanent representatives: Frederik FONCKE and Geeraard…Power of attorney
13-10-2026 Resignation: Lsquare Architecture (director)Permanent representative: Renaud Chevalier

Key points

Positive: Among the best 6% on net resultsector median €34,330 · 839 companies €2.4m View
Positive: 5 years of growth in a rowturnover 2025: €38.2m 5 years View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Controlled by SECO GROUPultimately: Seco scrl 100% View

By topic

Financials

Financial year: 2025
Turnover: €38.2m
Profit: €2.4m
Solvency: 14.0%

Turnover▲ 6.4%

Net result

20182025

Go to Financials

Board & ownership

Board: 8 members
Parent: SECO GROUP · 100%
Auditor: Daniel (Danny) WUYTS

BH GroupChair
B.H. GROUPChair
KYOKAN bvDirector
Lo-ConsultDirector
Asa DecorteDirector

and 3 other directors

Go to Board & ownership

Network & group

Group: Seco scrl
Connected companies: 57

Go to Network & group

Timeline

Events: 34
Since: 2017
Next accounts: by 31-07-2027

15-06-2026Annual accounts filed
11-02-2026Resignations & appointments
09-10-2025Registered office · Miscellaneous

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Public relations and communication consultancyNACE 73300
Founded: 01-09-2017
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 54

Annual meeting: First Thursday of June at 16:00
Purpose: “Alle activiteiten die bijdragen tot de normalisering van risico's in alle…” (deed in Dutch)

Go to Articles of association

Key facts about SECO BELGIUM

What is the company number of SECO BELGIUM?: 0680.633.657. In Belgium the VAT number is the company number with BE in front: BE 0680.633.657.
Where is SECO BELGIUM based?: The registered office is at Koloniënstraat 56, 1000 Brussel.Company details
What does SECO BELGIUM do?: According to the KBO register, the main activity is public relations and communication consultancy (NACE 73300).
What is the legal form of SECO BELGIUM?: Public limited company (NV).
When was SECO BELGIUM founded?: On 01-09-2017.
Is SECO BELGIUM still active?: Yes, SECO BELGIUM is an active enterprise in the KBO register.
How many employees does SECO BELGIUM have?: On average 203.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of SECO BELGIUM?: €38.2m in financial year 2025, according to the filed annual accounts.
Is SECO BELGIUM profitable?: In financial year 2025, SECO BELGIUM made a profit of €2.4m.
Where can I find the annual accounts of SECO BELGIUM?: SECO BELGIUM filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SECO BELGIUM due?: By 31-07-2027, for financial year 2026.Timeline